Archives for ENERGY - Page 22
Nigerian Businesses Resort To Solar As Diesel Costs Bite
Nigerian businesses have resorted to alternative power sources after the cost of diesel soared locally due to rising global oil prices. Supply constraints could, however, hamper their ability to…
No basis for takeover of BEDC, says management
… assures customers, stakeholders of continuing operations The management of Benin Electricity Distribution Company (BEDC) Plc has said there is no legal basis for the takeover of the company following…
NUPENG knocks FG over persistent fuel crisis
NUPENG logo The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) at the weekend gave the Federal Government hard knocks for the incessant fuel crises in the country,…
Reps grill NNPC, NMDPRA, marketers over rising petrol, diesel, gas prices
Fuel The Federal Government has said it regrets that the petroleum refineries are not working while ruling out the possibility of introducing subsidies on Automotive Gas Oil. It stated that…
Growing energy demand presents huge business opportunities for Seplat, others – McKinsey & Company
…’Seplat has enormous chance to explore renewable energy solutions’ McKinsey & Company projects massive growth for Seplat Energy, others as Africa’s energy demand soars … Divestment opportunities abound for…
Marketers notify FG on planned fuel price hike, queues persist
Fuel Oil marketers on Thursday said they had escalated their call for an increase in the pump price of Premium Motor Spirit, popularly called petrol, to the Federal Government, as…
Petrol Price to Remain at N165 Per Litre, NMDPRA Insists
Fuel Despite the position of some oil marketers that the current pump price for petrol in the country was unsustainable following long queues that have surfaced in some cities across…
Scarcity Hits Lagos, Abuja, Fuel Sells N180/litre As NNPC Cuts Supplies
Fuel queues hit major cities of Lagos, Abuja and Ogun on Monday, forcing motorists to spend hours at filling stations. In Lagos and Ogun states, The PUNCH witnessed long queues…
Fuel shortage hits Lagos as scarcity bites harder in Abuja, Oyo
There were indications, weekend, that the fuel shortage noticed in Lagos and its environs would worsen, as independent marketers said they have not been supplied for days. An investigation…
OPEC Commits To Core Values –Barkindo
Secretary-General, Organisation of the Petroleum Exporting Countries (OPEC) Dr Mohammad Barkindo, has stated that the organisation is committed to its core values in spite of the challenges in the…